China manufacturing activity edges past estimates in April- PMI
Investing.com-- Chinese manufacturing activity grew slightly more than expected in April, as the sector continued to benefit from stimulus measures from Beijing, although the reading still slowed from the prior month amid sustained headwinds for the Chinese economy. read 50.4 in April, data from the National Bureau of Statistics showed on Tuesday. The reading was slightly above expectations of 50.3 and slowed from the 50.8 in March.
Beijing continued to roll out more monetary stimulus measures, while also loosening restrictions on investment, particularly in the beleaguered property sector, in order to help support the economy.
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